MADRID, Oct 3 (Reuters) – Spain’s Economy Minister Nadia Calvino on Monday raised the government’s GDP growth outlook for 2022 to 4.4% from an earlier expectation of 4.3%.
“In line with the OECD and other economic organizations, we see 4.4% growth in 2022, higher than expected at the beginning of the year,” she told reporters ahead of a meeting with eurozone ministerial colleagues in Luxembourg.
The economic growth upgrade comes a week after the statistics institute raised second-quarter growth to 1.5%, up from 1.1% announced a month earlier, amid three-decade high inflation of nearly 10% .
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Reporting by Emma Pinedo, editing by Bethlehem Carreño
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